I have bad credit due to medical bills I have a good jod. But need this cash for the Mortgage.
2006-12-26 05:19:28 · 15 answers · asked by lnrtatum 1 in Business & Finance ➔ Personal Finance
Duh, the mortgage is behind and I am facing foreclosure
2006-12-26 05:57:32 · update #1
No, I do not have a car worth any amount of money I live in the country there are no buses to take to work. and I have tried to work it out with the bank they would like to take the payments from 473 a month to 875 for a month for 18 months. since I cannot afford this they would like it all or Foreclosure. I have tried the bad credit loans (IT ISNT WORKING)
2006-12-27 05:51:57 · update #2
sounds like one of those movies where they have like a week to pay 10,000 dollars or something anyways sell ur car sell something that
is valuable but you don't need or just get a loan or ask your parents and/or friends for money it should work
2006-12-26 05:25:33 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You really need to get on the phone with your mortgage lender. Tell them what's going on and what kind of payments you can make. Be very real on what they can expect, so you don't screw them on any kind of deal they'll offer you.
Lenders do not want to take back houses. It's a pain in the butt for them so they will often restructure your loan or allow you to skip payments by tacking them on at the end.
The fact that you have a good job and can prove your income (I'm assuming you can with paystubs) will certainly help.
Don't wait - call them today!
Update based on your additional facts - Sorry, but it sounds like you are screwed! Sell the home, payoff the mortgage, and take the profits. If the home isn't worth what you owe, then walk away, and conserve as much cash as you can from now until you must leave.
2006-12-27 05:25:30 · answer #2 · answered by Uncle Pennybags 7 · 0⤊ 0⤋
7,000 dollar mortgage?
Anyways call your mortgage company and see if you can work out a plan with them. Be polite, give them information on why you're late, and try not give them information they could use to take your assets, such as when you get a tax return.
I'm assuming with a mortgage that high you're living in a huge suburban house with mass transit a long distance away. If that's NOT the case then you could always use it, and sell your car.
Or you could rob a bank.
2006-12-26 05:29:07 · answer #3 · answered by justanotheruser 5 · 0⤊ 0⤋
I hope that $7000 is because you are several months behind...? I'd call the mortgage company and tell them that you are working hard to catch up and see if they can work with you on this. They really don't want to take your house. They would prefer to get your mortgage payments. Here are some budgeting tips: http://www.findlocalinsurance.com/library.html
2006-12-26 06:36:13 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Jod ? Take out a loan then...
2006-12-26 05:24:05 · answer #5 · answered by Vinegar Taster 7 · 1⤊ 0⤋
If you can't borrow from family or friends then you might be able to get an advance from your office
2006-12-26 05:27:53 · answer #6 · answered by Tauna H 2 · 0⤊ 0⤋
Sell your car and start using mass transit.
2006-12-26 05:27:27 · answer #7 · answered by tHEwISE 4 · 1⤊ 0⤋
get a loan
2006-12-26 05:27:44 · answer #8 · answered by Anonymous · 0⤊ 0⤋
HI,
You could try here:
http://www.tkqlhce.com/click-1813149-4049143
2006-12-29 13:06:59 · answer #9 · answered by ez-mart 2 · 0⤊ 0⤋
sell
your body
kidneys
liver
lung
best only one of each though you get more for a matching pair
2006-12-26 05:23:02 · answer #10 · answered by budgeeeuk 2 · 0⤊ 1⤋